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Bellavista Building Company is designing a 50-unit vacation home resort specifically to appeal to Brazilian investors. The site is immediately north of a new K-8 charter school to be built next year.
Bellavista Building Company is designing a 50-unit vacation home resort specifically to appeal to Brazilian investors. The site is immediately north of a new K-8 charter school to be built next year. (staff)

Bellavista Building Group is planning a 50-unit vacation home townhouse resort in Kissimmee at 333 S. Poinciana Blvd.

Bellavista President Aldo Martin told GrowthSpotter he partnered with Alamo Homes Group and RBZ International Corp. to form ARB Land Development LLC, which closed on the 9-acre tract in late November for $680,000. Total investment will be just under $10 million, he added.

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The site is adjacent to a new K-8 charter school to be built next year by Summit Construction. Martin said the two projects would share a driveway on S. Poinciana Boulevard.

"Our plan is to market and sell these units as a resort," he said. "They are designed to appeal to Brazilian buyers. They're going to be contemporary - kind of a 'Magic Village' flavor. South Americans like that style."

Summit Construction files plans for two new Osceola charter schools

The general contractor is seeking building permits for two K-8 charter schools. Learn what areas of the county they will support.

The gated resort will have a private clubhouse and pool. "This is going to be a boutique resort," Martin said. "We're going to offer two floorplans with three bedrooms and two bathrooms with an option for a fourth bedroom."

The partners plan to start land development and pre-sales in Second Quarter 2017 and townhome construction Q3 2017.

Osceola County approved a rezoning from Agricultural/Conservation to Low Density Residential in August. In October, Martin filed a Preliminary Subdivision Plan (PSP) that is still under review by county staff.

Bellavista Building Group considers site for townhomes east of tourism corridor

Learn where the land's at, what entitlements it offers the developer, when they may close and what lending opportunity lies ahead.

Boyd Civil Engineering is civil engineer on the project, Keesee & Associates is the architect, and Bellavista is general contractor.

Bellavista is currently serving as GC on developer Feltrim Group's the Balmoral at Waters Edge resort in Four Corners, delivering the first units this month, Martin said. It also built Feltrim's The Fountains at ChampionsGate, and will break ground on the Crescent Condominiums in Reunion in Q1 2017.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407)420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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